Wabash National Corporation (WNC)

The payables turnover ratio for Wabash National Corp. has fluctuated over the past five years.

In 2019, the payables turnover was 14.93, indicating that the company paid off its accounts payable approximately 14.93 times during the year. This high turnover rate suggests that the company efficiently managed its accounts payable, possibly negotiating favorable credit terms with suppliers or diligently settling its liabilities promptly.

In 2020, the payables turnover decreased to 12.66, which could imply a slight deterioration in the management of payables compared to the previous year. However, the ratio still indicates a relatively efficient management of accounts payable.

The ratio further decreased to 9.24 in 2021, suggesting a significant decrease in the frequency of paying off accounts payable. This could imply that the company took longer to settle its payables during this period.

Subsequently, the ratio increased to 11.52 in 2022, indicating an improvement in the management of accounts payable compared to the previous year but still lower than the levels seen in 2019 and 2020.

Finally, in 2023, the payables turnover ratio rose to 13.02, showing a further improvement in the management of payables compared to the previous year but still lower than the levels observed in 2019.

Overall, while there have been fluctuations in the payables turnover ratio for Wabash National Corp. over the past five years, the company has generally exhibited an efficient management of its accounts payable, with some variability in the frequency of paying off its liabilities.